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did not say is he must not go off the cliff. because the cliff is president obama's and the congressional democrats leverage over republicans. if we do go off the cliff or the curb on january 1st, a republican nightmare will occur. all income tax rates will go up and defense spending will be cut by 600 billion. other spending, some of it dear to republicans, will also be cut by another 600 billion. the fiscal cliff is much scarier to republicans than it is to democrats. so, the president and his allies must continue to make republicans believe they are willing to go off cliff. senator durbin simply said if we do go off the cliff or the curb on january 1st, we have to be able to quote stop economic growth to prevent us from stopping at the economic growth and hurting everyone. in other words, we have to then quickly craft a legislative deal that can stop the damage to the economy that would occur if we went off the cliff and stayed off the cliff. john boehner recognizes that the fiscal cliff is the president's leverage, but boehner believes he has leverage, too. pol
the cliff, obama will have a failed second term. that is the one thing he cares about and he is in charge. the idea that republicans are here empty handed is a huge mistake. they assume it's so. they will cave. they will undermine their entire stance as the low tax party for a generation they will lose that issue. the same way that georgia bush senior, he made a promise on taxes. he went against it. destroyed his career. >> read my lips. something tells me again i think we'll have another fiscal cliff panel soon. next up, harry reid and the nuclear option. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> filibuster is far from a procedural gimmick. it's part of the fabric of this institution we call the senate. it was well-known in colonial legislature before we became a country. and it's an entry federal part of our -- entr intri gal part of our history. >> it's a fundament
market after the break. >> and as the clock ticks on the fiscal cliff, president obama is meeting behind those closed doors at the white house with a who's who list of ceos. >> a lot. >> our cameras are right outside the white house. we'll certainly keep you posted on the very latest developments there. >> up next, it's not just the mitt romneys of the world who will take a hit for higher tax rates on dividends next year. wait. you hear how widespread the pain will be felt among ordinary americans. >>> later, save my 401(k). americans pour millions into these nest eggs because of tax benefits. someone here says those breaks could be chopped to cut the deficit. are those worries overblown? a heated debated is coming up. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more
correspondent. >> and sure he does. lou: all the best of luck. president obama taking his fiscal cliff proposals to the campaign trail. stay tuned. we will find out. the negotiating table is next. this family used capital one venture mes to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christma just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! hat's double miles you can actually e! how illinating. hat's in your wallet? let me guess, am i on the naughty list again? ho ho ho! ♪ lou: joining me now, the "a-team," former prosecutor, fox news legal analyst, former clinton adviser, columnist, former rnc spokesperson me. gadhafi will hear. have to start with you. he said to figure out what's going on the republican party. it seems that a few other folks, as saying that a great job standing up for him. announcing anything. i'm just asking questions. is this a status quo position for the republican party. >> of the issues that
fiscal cliff policy positions rather than negotiate a compromise. president obama believing he won a mandate with 51% of the popular vote in last month's election. sitting down today with small business leaders at the white house meaning tomorrow with the ceos of larger firms and middle class taxpayers, and then a true campaign-style rally held in a toy factory on the outskirts of philadelphia friday where the president continues his christmas themed attacks against republicans and their positions. a meeting to hash out a deal with congressional leaders not on the president's schedule as of this moment. we'll take all of this up here tonight, and republicans taking action to resolve at least part of the illegal immigration dilemma, a strong moderate alternative to the democrats' dream act proposed, a dramatic republican pivot on the issue led by two outcoining republican senators who, today, introduced the achieve act. senator hitchenson of texas works on the legislation for almost a year, among our guests here tonight, and the republican party, some say it's in disarray after the
injured. >>> turning now to 607 at the white house, president barack obama meets with middle-class americans and with corporate ceos. he is pushing his ideas for a corporate cliff to renew middle- class tax cuts before they expire at the end of the year. coming up, how the white house is also using social media to rally public support for its position. >>> well 400,000 are watching it happen in washington and that's because of emergency federal unemployment benefits due to expire december 29th unless congress is due to expire. they are noticing the possible loss of benefits which are going into the mail this week. >>> 6:09 is the traffic and certainly could be an issue as we get some rain, let's check in with tara who is in for sal. >> people need to take it slow with the rain coming in. we have a map showing an accident on grant line road and this is sort of a slow stretch anyway so of course it is not helping the situation. up next we are looking at the bay bridge toll plaza and the metering lights are on so give yourself some extra time and that bong is extending back to t
.s. ceos heading to washington give obama some advice on avoiding the fiscal cliff. european equities in the red as fears over the edge of the cliff loom larger. and concerns about a default in argentina as fitch slashes the country's sovereign rating by five notches. >>> ahead on the show, the powerball lottery hits a record half a billion dollars. just what are the actual chance of winning? stay tuned to find out. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. s is the pursuit of perfection. >>> welcome back to the program. u.s. futures were poised to open a few points lower and that is still the case. dow looking to shed a few points. this follows a loss of larger magnitude yesterday. it comes as president obama will continue to push. eamonn has more on the fight from capitol hill. >> if there was any question that the market is hanging on every word of this fiscal cliff debate here in washington, it
. >> now, here is the question. has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this thought. over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the cpo itself is saying the only way to do this is getting obamacare out
in the fire today. >>> president obama made a public plea to congress to pass a bill that will head off the looming fiscal cliff. >> i've got a pen. i'm ready to sign it. >> surrounded by middle income americans, mr. obama warned that if the bush tax cuts are allowed to expire january 1, every taxpayer would pay more next year. the president said that would cost a typical middle class family of four an extra $2200. >> that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. >> this morning republican house speaker john boehner said his colleagues are willing to discuss new tax revenues but only if democrats agree to new spending cuts. >>> a bay area national guard crew just headed out on a rescue mission. >> steve paulson is back with more on when today's rain will end. he says there are bigger storms ahead. >> it was really close to their backs. if that was higher, i think it would -- >> you will hear more from a terrified south bay resident after bullets were fired into her room with small children inside. on your prepaid card? i
about their closed-door meet ings on the fiscal cliff. at 11:30, president obama will make remarks at the white house surrounded by middle class americans who he says would see their taxes go up if congress can't make a deal. later he's hosting big business leaders to talk about ways to cut the deficit. joining me to talk about this, "washington post" political columnist day ma milbank and terence page. >> good morning. >> clarence, big development with tom cole breaking from his party and saying they should support an immediate extension of bush-era tax cuts for households earning less than $250,000. and then deal with the higher income tax breaks later. this is the key argument the president has been making. he says this has to get done. it is a sign the democrats' arguments are working? is tom cole an outlier among republicans? what's going on? >> it's a sign of the diversity in the republican party and that's something that president obama's team is trying to work on. they're trying to develop divisions and to break the logjam, the big showdown that's going on between speaker b
going over that ever talked about fiscal cliff. now the white house says president obama is taking his case to the people. meeting with small business leaders. today middle class families, tomorrow in hitting the road for a campaign style rally on friday. gop leaders say he should stay in dc and try to work out a deal. house republicans say they're also planning to get out of washington and hold events from small businesses back home. james rosen live at the white house tonight. do we know whether the talks have broken down? >> the white house says no, shep, that the work continues between key staff aides on both sides. but there is for this week as yet no follow-up session planned for negotiations like the one that the president held in the roosevelt room earlier this month with all four leaders from the house and senate. democrats more thanked from that session back on november 16 talking about another to be held the week after thanksgiving. >> the people he needs to be talking to are members of his own party so he can convince them of the need to act. we're not going to solve this p
the fiscal cliff, back comes the markets down 8 at the moment. president obama continuing campaigning for higher taxes on the rich, meeting with cees from goldman sachs, caterpillar among others at the white house today. and a lunch at the white house, obama and mitt romney. one person, maybe more could join the one% tonight. if it attacks on the poor, outrageous. stuart: $500 million, half a billion is the power ball back but tonighh. people are lining up to hand over ritter money. let's bring in the guide to the u.s. economy. kimberly, i am going to give you -pmy opinion up front. i think the power ball and 0 other state lotteries are a lousy deal. point number one. you by $2 ticket you are immediately subject to 50% tax because $1 does not go to prizes but the state. .2. if you win, you're subject to another huge tax. i think it is a lousy deal. the best way of taxing poor people. i don't like it. you say? >> i hate disagreeing with you so much. stuart: go ahead. >> it canes my heart. it is not our tax. it is voluntary. so people can decide to do it or not decide to do it
, obama back on the campaign trail as he pushes his plan to keep us from falling off the fiscal cliff. hearing from a group of small business owners who met with the president yesterday. new evidence why green energy is a wasteful end to taxpayer money. wait until you hear about a new lawsuit causing bashes against wind companies. the los angeles auto show starts this week, the biggest of the year, gerri follows every cent later next on "the willis report. i always wait until the lt minute. can i still ship a ft in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. heartburn symptoms causedelieve by acid reflux disease. by december 22nd osteoporosis-related bone fractures and low magnesium lels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. gerri: a cliff nobody's talking about. federal green subsidies expected to expir
. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end of the year. and he talked to high-powered ceos about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for secretary of state in president obama's second term. but prominent gop lawmakers are trying to stop her from getting the post. saying she misled the public about the attack on the consulate in libya. in meetings yesterday, rice tried to smooth things over. it didn't work. >> the concerns i have are greater today than they we
territory following optimistic comments from president obama and john boehner, fiscal cliff negotiations, and well point has received clearance from the justice department to move forward with its $4 billion purchase of rival health insurance company america group selling operations in virginia alleviating concern companies would have a monopoly in the northern part of the state to deal with the announcement in july. the proportion of student loan balances and delinquency means they aren't paid for 90 days. surpass that of credit cards in the third quarter, that is according to the federal reserve bank of new york. the financial crisis, student debt has risen 56% whereas other forms of debt credit are go -- on a mortgage declined 18%. we continue count down to the closing bell with liz claman. liz: breaking news. there may be another reason besides optimism coming out of john boehner's mouth about the fiscal cliff discussions. the wall street journal for the past 14 minutes just ran a headline by john hiltonraff ho is an insider when it comes to federal reserve reports, the fed will ann
ed show." president obama can and should rely on labor to bolster his position in the fiscal cliff negotiations. labor is a major ally in protecting the middle class. today senior white house officials met privately with representatives of labor and other progressive groups. and attendees of the meeting say they were encouraged. one said, they expect taxes to go up on the wealthy and to protect medicare and medicaid benefits. they feel confident they don't have to compromise. another attendee said the white house did not want to go over the fiscal cliff but would do so if necessary. would they do it? if it's between that and compromise on their core principles, i was left with the impression they would. white house officials also reportedly said they will insist republicans deal with the debt ceiling now as part of the fiscal cliff negotiations and not later. also today, aflcio local leaders from 33 states are putting pressure on congressional lawmakers to let the bush tax cuts expire for the wealthy and keep social security off the table. let's turn to james hoffa, general preside
of the fiscal cliff. today on the senate floor, minority leader mitch mcconnell abusing president obama -- accusing president obama of being back on the campaign trail instead of working with lawmakers. have you seen anything to indicate that we are close to a resolution, or even moving in that direction? >> i haven't. it's hard to come to a resolution when one of the parties to that isn't around. the president, as you mentioned, is out on the campaign trail again. >> greta: you're referring to his trip this friday to pennsylvania. >> right. you've got to have presidential leadership to do big things. that's what we need right now. obviously republicans are here, ready to go to work, ready to solve the issue of the fiscal cliff. what the president wants to do, however, is to raise taxes on small businesses, almost a million small businesses who employee 25% of the workforce. that's his proposal. republicans cannot be for that. the president said in his press conference right after the election that his number one priority is jobs and the economy. we agree with that. but if your number o
: business leaders are demanding action on the fiscal cliff but will they get it? president obama hears from ceos this afternoon. first we get lou dobbs take on all that. lori: we'll see how confident folks are. thereby buying treasurys a little bit today. long bond, 30-year treasury is yielding 2.77%. we're back after this. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba divi the great barrier reefith sharks, or jumping into the marke he goes witpeople he trusts which is why he tde with a company that doesn't nickel and dime him with hidden fees. socan worry about other things, like what the market is doing andeing ready, no matter what happens, which isn't rocket scice. it's just common sense, from td ameritrade. >> i'm adam shapiro with the dow reversed its triple digit fall and went positive following optimistic comments from both president obama and house speaker john boehner. on the fiscal cliff negotiations. >>> allstate says superstorm sandy will cost it more than one billion dollars. the insurance company says 2/3 of the losses are in new yo
but congressional republicans and president obama are getting farther apart in their effort to keep the nation from veering off the so-called fiscal cliff. a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side is having difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of the american people want to take. >> reporter: president obama will try to build more support when he meets with middle class americans here in washington today. he'll ask them how the fiscal cliff could impact their lives. on tuesday he invited small business owners into the oval office to offer their ideas. >> they had one message for the president which is they need certainty. please get this deal done as soon as possible. >> reporter: but spending any time on capitol hill it's easy to see a deal forthcoming isn't coming soon. >> there's been little progress with the republicans which is a disappointment to me
, obama launches p.r. effort on cliff the fiscal cliff, of course. putting pressure on congress, president will talk to small business owners. so here's what's going on. right. with this fiscal cliff looming the president has laid out -- very, very clear what he's talking about, what he wants to see. it is a $4 billion package of cuts to the deficit a combination of spending cuts and new revenue and about $2 trillion of that coming from getting rid of the bush tax cuts. at the same time while getting rid of the tax cuts for the wealthiest 2% of americans letting the tax cuts for 98% of americans continue because the middle class do need the help and the wealthiest people do not. so to get there of course, and by the way let's back up, right. the president put forth his plan on november 6th and mitt romney put forth his plan and the american people said no, we don't like that romney way of going which is to continue to coddle the rich. we agree with president obama. so now the negotiations are underway. abo
cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home depot, macy's, caterpillar and at&t but futures are falling with signs there are troubles with negotiations on capitol hill. a market credible deal to solve the cliff is key to economic growth. >> that annual growth idea, that prospect is real in my view if we actually did get a market credible $4 trillion plan. the markets would realize those guys can govern. the big question is can we get a market credible plan. what would it look like at this point? >> senator reid said we won't have one. everyone has to get used to that. warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're
about 30 more minutes of business. >> top ceos set for a fiscal cliff meeting with president obama just over an hour from now. we're going to take you live to the white house next. plus, we'll hear from one democratic lawmaker willing to dive head first off the cliff if that's what it takes to reach what he thinks is a good deal on tax hikes while protecting entitlements. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like f
to meet with president obama tomorrow about the fiscal cliff. the fiscal cliff is a combination of tax hikes. democrats want to raise taxes on high income earners but republicans oppose the proposal. >>> stanford researchers say a high tech tool developed in the silican valley can help curve the growth of tuberculosis in prisons. the stanford researchers say the tool can be especially used in prisons in the former soviet union where they say tb is rampant among inmates. >>> the elevated breast cancer risk here in marin county turns out not to do so special. what researchers have discovered around the rest of the bay. >>> back here in 10 minutes we have a wind event coming tomorrow, we have rain coming tomorrow right on the morning commute. i'll time it out with the latest computer model. >>> attacking graffiti with heavier penalties. why a policy change to deter taggers can also hurt area businesses. >>> these lights are about to go up on high wire and it's going to impress the world. >> the pressure that caused a cruise line to back up on their ban of dressing in drag. when i take a
. the suspect ran away from the scene. none of the victims were injured. >>> today president barack obama will meet with middle- class americans and ceos. he is pushing his plans for averting that fiscal cliff. they are pushing congress to renew tax cuts before they expire by the end of this year. what they are saying about the president's campaign style approach to deal with this looming crisis. >>> and 400,000 californians are carefully watching this fiscal drama and that's because emergency benefits are due to expire unless congress agrees to an extension. here they are noticing possible loss of benefits are being mailed out this week. >>> let's check in with tara in for sal castaneda, it could be a sticky commute with the rain. >>> yes, we want to make sure you give yourself enough time today and right now if we take a look outside, this is a look at the east shore freeway as you drive towards the mcarthur maze, and as we look at the bay bridge toll plaza folks are headed to san francisco and they are not experiencing any delays. finally a look at 280 in san jose, traffic is looking g
are wiping -- are winding down. >>> president obama still avoiding the plan to avoid the fiscal cliff. [ crickets chirping ] [ traffic passing ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby coos ] [ man announcing ] millions are still exposed to the dangers... of secondhand smoke... and some of them can't do anything about it. ♪ [ continues ] [ gasping ] >>> the cold front arriving. wind, not too bad. but about 30, 40 miles an hour. the rain picking up. no doubt about it. all the way up from mendocino. we'll have morning rain and then turning showery this afternoon. >>> president obama is under fire for not doing enough personal negotiating with congress over ways to avoid the fiscal cliff. instead, as alison burns reports, he's once again, taking his pitch to the public. >> reporter: that's right, tori. instead of negotiating directly with republicans, president obama's schedule includes more public outreach. he will be speaking in 15 minutes from the white house. the headline on the official website asks for public feedback and the obama we
higher costs. are you in that group? just as the nation is headed full speed toward the fiscal cliff, what is president obama doing? he is headed out of tab. -- out of town. but he's not the only one. is anyone in washington working on a solution? if you like ghost story, stay tuned for a real-life ghost story. card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. >> greta: many young audits are about to feel the pain of obamacare big time. if you're between 18 and 24 years old, the healthcare law will unfairly stick you with higher premiums. dennis, how is that younger people in this age group are hit harder, or higher premiums? >> so obamacare has new rules going in in 2014, and actturarial firm studied, this and the young will bear a bigger burden of the cost increases. 18 to 24 years old, your premium costs could go up 45% in 2014. 25-29, your premium could go up 35% more.
an agreement to avoid this cliff. now the president is taking his case mr. obama met with small-business owners tuesday. today he hosted an event with middle-class americans and sits down with some of the nation's top ceos. friday he travels to a manufacturing plant in pennsylvania senate minority leader mitch mcconnell question the president. >> president saddam the law makers and working out with the agreement is back on the cam best-president obama >> the president got input outside the beltway. he wants to continue the conversation when business leaders, small business leaders, civic leaders, and labor leaders because everyone has a stake in this. >> lawmakers have just over a month to reach an agreement to keep the country from going over the so-called fiscal cliff. the president wants to raise taxes on the wealthiest 2 percent of americans and leave current tax rates for everyone else. >> i can't get paid reporting. >> we will be following the latest as it continues to develop on capitol hill. >> will take a quick break. we will be back with more headlines than just a minute. here is a lo
obama is expected to talk about the fiscal cliff any minute now, meeting with middle-class americans whose wallets will be impacted the most if congress fails to reach that deal. we will take you back to the white house as soon as the president begins to speak. that's going to wrap things up with me this hour. see you back here tomorrow at 11:00 eastern time, barring any powerball winnings. joining me ken conrad, former governor bill richardson, ed schultz and then the gre owe's perry bacon, democratic strategist keith boykin and alice stewart. that was the lid of my pen. no big deal. "now" with alex wagner is coming up next. hi, alex. >> hey, thomas. we are waiting on the president and his remarks in the meantime it's a hashtall my 2 k kind of a day as the white house pushes its plans to extend middle-class tax cuts the gop calling out president obama for campaigning while republicans campaign. we will look at the campaign 3.0 with "victory lab" technician and author sasha isenberg. some democrats say it's okay to take a dive. we'll ask senator patty murray why she agrees with that
. and we're all going over the cliff, whether obama gets his way on this particular issue or not. guest: the main thing there was the 47% comment. most of the 47% still pay payroll taxes because they are employed. they pay state and local taxes, sales taxes. and those that do not, they tend to be older. over the course of their lifetime, they paid a lot of federal taxes. and now because they're retired, their income tends to be for the most part the taxed much less. and the rest of them are people who tend to be very, very low income. we are talking about $20,000, $15,000 per household. in terms of a broader statement that was made about whether you have increase in revenues and that just means they will spend more, you do not actually tend to see that over history. if you look at the 1980's, we have a lot of spending and we had tax revenues that were a lot lower. part of that is because of the reagan tax cuts of the 1980's. if you look at the 1990's, you have a lot of tax revenues that went up and spending went down. in the bush years, you have the reverse. if you look at the last thre
. the president -- >> maybe obama ought to make bill clinton the fiscal cliff envoy spent i've heard he did. [laughter] >> this is important. to bridge that sort of standing and staring at each other. take this debt. better internal leadership. secondly, i want to go back to what bob said. we have to be more outward focused. we have given up engaging in africa and around the globe. all the customers are out there. all the income growth is out there. adding those guys helps us in defense issues and other things. we are not doing that now. >> republican support -- >> that may do it. >> so maybe to get it right an outward looking -- >> what would an american renewal agenda be comprised of? >> let's negotiate the first trade agreement in over four years. president obama is the first president not to negotiate a trade agreement. he got through -- >> he didn't negotiate south korea. >> those were negotiated -- >> they were negotiated by the previous administration but the bottom line is we have an opportunity right now in europe and asia to knock down barriers, tariffs and nontariff barriers. ove
". >> president obama is getting serious about the economy. fiscal cliff notes. >> i'm optimistic question can continue to work together. >> it's like congress put a gun to the economy's head. >> i'm so tired of obama putting i gun to the head of the american people. >> and he swore they would pull the tryinger. >> and then republicans saying, oh, what are we going to do? >> they want a divorce from grover near quist. >> an excuse to go to mexico, i'm game. >> what do you mean by impure thoughts. >> the mexican standoff without any mexicans. >> i have job security. >> they can't murder you. they can't burn your house. >> some republicans are abandoning the antitax pledge as fast as they abandoned -- oh, what's his name. >> governor romney, only the two men will be in the room. >> is getting stoned now becoming more acceptable? >> kentucky bluegrass feather beds and northern cal -- >> you know me, every day, ten pound a day. >> you can play 36 holes on it in the afternoon, take it home and just get stoned. >> it supposedly makes you lazy, tired andle ette ar gwynn gik. >> a impig bob marley joi
the season. find out which companies ended up on the naughty and nice list. today president obama will be holding a series of meetings with leaders of large corporations to talk about averting the tax hikes and budget cuts from the so-called fiscal cliff. the president met with small business owners on tuesday to talk about the effect on their companies from taxes and other charges. right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. and last night on hardball, former republican senator alan simpson gave his thoughts on the fiscal cliff and failure of lawmakers to reach an agreement. p. >> they love their party more than they love their country. how it we get to that point, don't ask me, but the whole business of reform and money in the campaign and beat up the guy, and it's not a case of who wins. it's you want to be sure somebody loses. and i say to people whether it's grover norquist or whatever, lord's sake, if you can't step up to the plate, what can happen to you? th
. >>> on to our top story tonight, president obama ups the ante on fiscal cliff pressure meeting with small business owners from all walks of live at the white house today. the million dollar question? what will be the real impact on small businesss? with me now, straight from that meeting in a fox business exclusive is the cofounder of book to the roots, an urban mushroom farm growing gourmet business. wow i have to ask yyu a lot about that because i don't understand that. i will ask you first, what happened at the meeting? what did you guys talk about and what was the response you got. >> yeah, thanks for having me on. it was anncredible opportunity. it was really fun room. cool to see the energy andnd passion in the room. it was 15 small business owners along with the president and i think he asked us to share our stories and how we got to where we are today. he kind of explained a little bit about his vision for the economy and where he thinks it is going. and thoughts about what is top of mind for us about the economy. melissa: so what did you say and did you feel like he listened to y
, d.c., the president meeting with corporate executives today discuss that fiscal cliff. scott mcgrew got on the silicon valley's name. >> president obama has met with many ceos, and while lots of ceos have experience and wisdom to lend him, got to see this in a bit of a political light as well. melissa meyer, for instance, is brilliant but probably knows very little about public policy. she's an engineer, so the president getting advice, but drumming up support among the powerful for his version of what we should do about the cliff. myers spoke in a fortune magazine clip last night. her secret, she says, is prioritizing, she referred to green bay packers vince lombardi's three priorities, god, family and the packers. >> for me, it's god, family and yahoo! in that order. >> why the packers comparison? meyer drew up in wasaw, wisconsin. >>> we go back to the summit on highway 17 and check in with bob redell with the wind conditions there. bob, luke soaked? >> reporter: yeah, it's slightly wet up here. we've got a break, that's one thing that chp is pointing out just because the rai
with president obama to discuss how to avoid the fiscal cliff. ceo of goldman sachs also marissa mayer at yahoo among those expected to attend that meeting today. the housing market in focus. we get a report on new home sales from the commerce department in 10 minutes. so far this morning, wall street firmly fixated on washington. markets again on the defensive this morning after a down day yesterday. bloomberg index lower 1% down. looking for a new car? japanese automakers, honda, toy 0 tab, sue rue, mazda, mitsubishi having the best -- customer service, serviced and updates. volkswagon ranked lowest. live at the new york stock exchange, i'm jane king. >> as you plan your day when will the heaviest rainfall and the strongest wind? >> we are look ago the 8:00 to 11:00 the rain has been coming didn't mainly in the for the bay winds gusting all around the bay, live look now you will notice the skies are dark, clouds are lowering, live doppler 7 hd shows within this loop, the darker green and yellows are indicated mainly north also developing along the coast now. it is going to be a quick mover wi
on powerball. so what can i do? >>> it is 6:26. coming up avoiding the "fiscal cliff." what president obama is doing today to win the public support for his plan. >> plus cell phone video captures a gun pointed at a bay area driver. why the suspect followed the victim's car and opened fire. >>> rain is coming down in san anselmo. the storms are going to be so strong that people are worried about flooding. what they are degree to prepare. -- what they're doing to prepare. ♪[ music ] >>> we have had all kinds of windstorms and rainstorms, they are lots of fun. >> the bay area brace for a 1-2- 3 punch from mother nature. >> maybe even more scary than the rain is the wind with this system, boy, it's going to be whipping around the bay area! >> we are looking at winds up to 45 miles an hour with gusts up to 60! >> a couple shot in a terrifying case of road rage. >> took a few minutes for those men to pull handguns on that couple and it was all caught on tape. >> outrage over uc chancellor's $50,000 rage. >> republicans and democrats say there's been little progress in talks over the "fiscal
that. when i win, i have a plan. >>> 39 minutes past the hour. facing the fiscal cliff, president obama courts the biggest ceos on wall street. yesterday he reached out the smallest business owners on main street. we'll talk to one of them coming up. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. americ
. >> that sounds menacing. i'm sure we're going to be talking about this cliff a lot more. >>> president obama wants to nominate un ambassador susan rice for secretary of state. that's the takeaway from a highly anticipated meeting between rice and john mccain and lind sai gram. they're concerned the stanford grad misled the country. the white house says rice was not responsible for the talking points she used on the sunday news shows following the attack. the focus on her is all about washington politics. >> we are significantly troubled by many of the answers that we got and some that we didn't get, concerning evidence that was overwhelming leading up to the attack. people are more interested in talking points for a sunday show several months ago than they are finding out what happened in benghazi. >> once again, ambassador rice is considered as a possible contender for secretary of state, a position that would require senate confirmation. >>> two senate republicans have proposed their version of the dream act bill, called the achieve act. like the original dream act, this would provide thou
develop in the president obama's evident to get off the fiscal cliff. tonight on "special report," the president may be trying to divide budget negotiations in two pieces, insisting on tax increases for high earners this year with a promise to cut spending next year. some critics call it wimpy from popaye strategy, gladly paying you tuesday for a hamburger today. house speaker john boehner insists the republicans are willing to work with the mt. offering the tax revenues if significant spending cuts are part of the deal. is social security on table? should it be? we hear from the experts tonight. -up ambassador -- u.n. ambassador susan rice met on a charm offensive to explain comments after the libya terror attack, where she blamed the non-existent demonstration sparked by anti-islam video. "special report" from washington starts at 6:00 eastern. now back to new york and my kriegs with "the five." ♪ ♪ ♪ ♪ >> brian: i'm going with eric to pick my own music. [ laughter ] power ball hysteria is in full force today with hours to go before tonight's historic drawing. tonight c
republicans and president obama are getting farther apart in their efforts to keep the nation from veering off the so-called "fiscal cliff." a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side are having some difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class americans here in washington today. he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their ideas. >> they had one message for the president at the oval office, they need certainty. please get this deal done as soon as possible. >> reporter: but spend anytime on capitol hill and it's easy to see a deal isn't forthcoming soon. >> there's been little progress with the republicans, which is a disappointment to me. >> their
obama in front of the middle-class taxpayers make comments regards the fiscal cliff, saying he hopes to get a deal done before christmas. >>> on the way we'll have more analysis of this cliffhanger with two white house insiders who say we very well might go over the fiscal cliff. not exactly words that the markets perhaps are prepared to here. tony fratto, the former deputy press secretary under president george w. bush, and jared bernstein. both men will join us life. >>> and the man many believe should have gotten the top post at yahoo. what ross levinsohn thinks, and of course the direction that marisa mayer is taking right now. >>> you won't believe what the ceo of groupon just said at a conference in new york city. we're going to tell you exactly what it is, just after the break. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the ex
al-asaad. new questions about president obama's approach to the fiscal cliff negotiations. taxes are going to go up and there will be massive defense spending cuts come next year if they don't do something on capitol hill. we showed you at the top of the hour how the white house was grilled about what spending cuts are being negotiated to avoid these pending cuts we are about to get which many feel are draconian and whether the wt wants to raise them and deal with them or postpone them until the new year and what sense would that make. last night syndicated clemmist charles -- syndicated columnist charles krauthammer says the president is not serious about solving the country's fiscal problems and claims his strategy is to drive a wedge between republicans. he pointed to a lack of discussion over spending cuts as evidence. >> why would the republicans allow the entire debate to be over taxes when obama is proposing on raising the rates on the 2% is i triviality it will reduce the deficit from 1.10 trillion to 1.02 trillion. 8 cents on the dollar. it's nothing. it's lunch money. i
next, with the fiscal cliff just 35 days away, congressional loerds say president obama isn't doing enough to make a deal. senator mark warner, the third wealthiest man of the senate, outfront on tax rates and whether the president needs to take a bigger role. >>> plus, the u.n. ambassador to the u.s. susan rice, admits the talking points she used after the benghazi attack were wrong. republicans call her answers troubling. >>> and a former mayor spent her life taking on thugs in her town. her fight and her life tonight are now over. let's go out front. >>> good evening, everyone. i'm erin burnett "outfront" tonight, where in the world is president obama? it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar
obama? it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar with. >> well, now, as far as top democrats are concerned, things haven't been going so well since that november 16th kumbaya meeting at the white house. >> we had a meeting, it went very well. the problem was that was before thanksgiving after the election. and since that time, there's been little progress with the republicans, which is a disappointment to me. >> well, the market didn't exactly like what they heard there either. the dow lost nearly 90 points today. much of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say mat
part of the so-called fiscal cliff. and there's a few other tax provisions that barack obama put in place. and -- host: let's focus on the income tax cuts. what happens to those? guest: theaths they'll go away and most americans' taxes go up. for the average person, average household, it would be about $2,000 more in taxes next year. for upper income people it could be between $5,000 and $20,000. for lower income people, maybe a few hundred dollars. people would see that immediately in january because their monthly withholding taxes would be higher. their biweekly withholding taxes would be higher. so it would be an immediate effect. host: let's take a look at the existing tax brackets, what they are now, and the new tax brackets. this is a chart that shows taxable income. host: given that, how much revenue is the treasury expecteds to get if these tax cuts are not extended? guest: if none of the bush tax cuts are extended it's going to generate a huge amount of revenue. about $500 billion a year or about $4.5 trillion over the 10-year window which is what we usually discuss. so
, but susan rice coming up empty handed. and president obama talks fiscal cliff with a dozen of the country's business leaders with. innocent dolphins shot to death by humans. we're going up into the air, looking for answers. i'm wolf blitzer, and you're in the situation room. >> a second day of meetings with republican senators didn't go better than the first day for the em battled u.n. ambassador, susan rice. she has been under attack for her statements about the attack in libya. republican criticism remains sharp, and her future fb a possible nominee for secretary of state is questionable at best. dana bash is working the story for us, what happened today? >> reporter: you know, wolf, it was one thing for susan rice to get harsh criticism after yesterday's meeting with senators mccain, graham, and ayote, but it was different to hear the concern from one of the last centrist republicans in the senate. >> susan collins would be one of the most likely to throw susan rice a lifeline. it didn't happen. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was,
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